Jay Clemens
A new Research and Markets report forecasts the global military communications market to reach $40.82 billion by 2020 from $23.02 billion in 2015 amid a growing demand for updated communication techniques.
The report sets the market’s compound annual growth rate at 12.1 percent during the forecast period, Research and Markets said Wednesday.
TÂ noted that tier-one market players have implemented various techniques such as agreements, mergers and acquisitions, and new product developments to augment their market share.
Companies profiled in the report are:
- Alcatel-Lucent
- BAE Systems
- General Dynamics
- Harris
- L-3 Communications
- Lockheed Martin
- Northrop Grumman
- Raytheon Anschutz
- Rockwell Collins
- Thales
